Textbook
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and AcquisitionsISBN: 978-0-470-44220-3
Hardcover
336 pages
May 2009, ©2009
This title is out-of-print and not currently available for purchase from this site.
|
“Rosenbaum and Pearl succeed in providing a systematic
approach to addressing a critical issue in any M&A, IPO, or
investment situation—namely, how much is a business or
transaction worth. They also put forth the framework for helping
approach more nuanced questions such as how much to pay for the
business and how to get the deal done. Due to the lack of a
comprehensive written reference material on valuation, the
fundamentals and subtlety of the trade are often passed on orally
from banker-to-banker on a case-by-case basis. In codifying the art
and science of investment banking, the authors convert this oral
history into an accessible framework by bridging the theoretical to
the practical with user-friendly, step-by-step approaches to
performing primary valuation methodologies.”
–Joseph R. Perella, Chairman and CEO, Perella
Weinberg Partners
Praise for the Book
"Investment Banking provides a highly practical and relevant
guide to the valuation analysis at the core of investment banking,
private equity, and corporate finance. Mastery of these essential
skills is fundamental for any role in transaction-related finance.
This book will become a fixture on every finance professional's
bookshelf."
—Thomas H. Lee, President, Lee Equity Partners,
LLC Founder, Thomas H. Lee Capital Management,
LLC
"This book will surely become an indispensable guide to the art
of buyout and M&A valuation, for the experienced investment
practitioner as well as for the non-professional seeking to learn
the mysteries of valuation."
—David M. Rubenstein, Co-Founder and Managing
Director, The Carlyle Group
"As a practitioner of hundreds of M&A and LBO transactions
during the last 20 years, I recommend this book to advisors,
financiers, practitioners, and anyone seriously interested in
investment transactions. Rosenbaum and Pearl have created a
comprehensive and thoughtfully written guide covering the core
skills of the successful investment professional with particular
emphasis on valuation analysis."
—Josh Harris, Managing Partner, Apollo
Management, LP
"Valuation is the key to any transaction. Investment Banking
provides specific step-by-step valuation procedures for LBO and
M&A transactions, with lots of diagrams and numerical
examples."
—Roger G. Ibbotson, Professor in the Practice of
Finance, Yale School of Management Chairman & CIO,
Zebra Capital Management, LLC Founder & Advisor,
Ibbotson Associates, a Morningstar Company
"Investment banking requires a skill set that combines both art
and science. While numerous textbooks provide students with the
core principles of financial economics, the rich institutional
considerations that are essential on Wall Street are not well
documented. This book represents an important step in filling this
gap."
—Josh Lerner, Jacob H. Schiff Professor of Investment
Banking, Harvard Business School, Coauthor, Venture Capital
and Private Equity: A Casebook
"Rosenbaum and Pearl have written the ultimate nuts and bolts
guide for valuation. It is the book that every business student
should study and every investment banker should use."
—Steven Davidoff, Associate Professor, University
of Connecticut School of Law The Deal Professor, The New
York Times